$10 billion plan for Aqaba.Abu Dhabi-based Al Maabar International Investments has announced the development of Marsa Zayed, a $10 billion real estate investment in Aqaba. Marsa Zayed, named in memory of the late Shaikh Zayed bin Sultan SULTAN. The title of the Turkish sovereign and other Mahometan princes. Al Nahyan, is a 3.2sq/km development including 2km of waterfront and is the biggest real estate and tourism project to take place in the history of Jordan The land that became Jordan forms part of the richly historical Fertile Crescent region. Its history began around 2000 B.C., when Semitic Amorites settled around the Jordan River in the area called Canaan. . It is also one of the most significant developments in the region. Al Maabar will develop a mega mixed-use waterfront project, including high-rise residential towers, retail, recreational, entertainment, business and financial districts and several branded hotels. Several marinas It may never be fully completed or, depending on its its nature, it may be that it can never be completed. However, new and revised entries in the list are always welcome. Australia Victoria n. 1. Sufficient space for a ship to maneuver; sea room: kept a clear berth of the reefs. 2. capacity which will transform Aqaba into a premier yachting destination. In addition, there will be a state-of-the-art cruise ship terminal, which will become one of Jordan's touristic landmarks and a welcoming gateway to Aqaba. The project will be implemented in several phases once the transfer of land ownership is complete. Phase one of construction will get underway by the first half of 2010 following the completion of the land survey and a series of technical studies which are currently taking place in co-ordination with Aqaba's local Authority, ASEZA ASEZA Aqaba Special Economic Zone Authority . In 2008, Al Maabar signed an agreement with the government of Jordan whereby the company acquired 3.2 million sq/m of land in Aqaba for $500 million for the development and establishment of a mixed-use residential, tourism and commercial project. The government's handover n. 1. The act of relinquishing property or authority etc. to another; as, the handover of occupied territory to the original posssessors; the handover of power from the military back to the civilian authorities s>. of the land will be carried out in three phases; the first to take place by June of this year, the second in September while the third and final phase will happen by March 2013, once the new ports are built in southern Aqaba. "Al Maabar is committed to delivering added value Added value in financial analysis of shares is to be distinguished from value added. Used as a measure of shareholder value, calculated using the formula:
"We take pride in our partnership with Jordan and are very confident that this relationship will only strengthen as Marsa Zayed becomes a landmark project and a major economic stimulus stimulus /stim·u·lus/ (stim´u-lus) pl. stim´uli [L.] any agent, act, or influence which produces functional or trophic reaction in a receptor or an irritable tissue. for the kingdom," said Yousef Al Nowais, Al Maabar, managing director. Al Maabar was established in 2007 as a joint venture between Abu Dhabi's six leading investment companies: Mubadala, Al Dar Properties, Sorouh Real Estate, Reem Investments, Reem International and Al Qudra Holdings, with several projects underway in the Gulf Region, Middle East and North Africa. Copyright 2008 www.tradearabia.com Copyright 2009 Al Hilal Publishing & Marketing Group Provided by Syndigate.info an Albawaba.com company |
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